Ping An plans mainland investments with Hong Kong funds

04/23/2013 | Wall Street Journal, The

Mainland Chinese markets may soon get a boost from billions of yuan in Ping An Insurance funds now in Hong Kong that it plans to invest. The insurer is seeking a license and investment quota under China's Renminbi Qualified Foreign Institutional Investor program. "Once we get the approvals, we'll consider issuing products and we'll be able to attract yuan [raised] in Hong Kong to invest in the mainland markets," said Timothy Chan, Ping An's chief investment officer.

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